Renuka Shaw Wallace PLC has decided to change the name of the company to Renuka Foods PLC. An extraordinary general meeting is to be convened on 25 September 2014 to pass the special resolution to give effect to this name change of the company.
Citizens Business Development Finance PLC (CDB) has decided to acquire 86.26 percent of the issues and fully paid share capital of the specialized leasing company Laugfs Capital Limited for Rs. 425 million. CDB is also to enter into a memorandum of understanding with Laugfs Holdings Limited in order to effect this share acquisition. This share…
India’s economy grew by 5.7% in the three months to June, its fastest pace in two-and-a-half years, according to an official estimate. The economy was helped by strong growth in electricity, gas and water supply, and financial services, the Ministry of Statistics said. The growth figure was higher than analysts had been expecting. India’s new…
The Colombo Stock Exchange has approved in principle an application by the Bank of Ceylon for listing its debt securities. The bank is to issue 40 million unsecured unredeemable debentures at an issue price of Rs. 100 each with an option to issue up to a further 40 million debentures in the event the initial…
Colombo Stock market wrapped the weekly operations on positive note where ASI closed on 38 month high level. Core index bagged 42.33 index points or 0.61% to close at 7,034.09 while 20-scrip S&P SL index gained 26.64 index points or 0.69% to end at 3,872.51. Price appreciations in counters such as Ceylon Tobacco (closed at…
Ceylon Hotels Corporation PLC has incorporated a joint venture company called Ceylon Holidays Holdings (Pvt) Limited after entering into an agreement with Zinc Hospitality Lanka (Private) Limited, the hospitality arm of the multinational conglomerate Cinnovation/CG Group. Ceylon Holidays Holdings (Pvt) Limited is currently a fully owned subsidiary of Ceylon Hotels Corporation PLC. Zinc Hospitality Lanka…
Attention has been drawn towards importing fish from the Seychelles for the consumers in Sri Lanka and discussions have already begun on this issue, said Seychelles Trade and Investments Minister Pierre Laporte in Colombo. Sri Lanka is in the process of strengthening ties with the Seychelles which is a group of islands with fisheries and…
Colombo shares regained the lost ground on Thursday as both indices closed with positive returns. Main index gained 6.85 points (+0.10%) to end at 6,991.76 whereas S&P SL 20 index marginally gained 3.04 points (+0.08%) to end at 3,845.87. Price progression in counters such as John Keells Holdings (closed at LKR 249.00, +1.6%), Lanka IOC…
The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), in association with the Sri Lankan Embassy in Washington D.C will host its first “Invest Sri Lanka – Investor Forum” in North America on the 4th of September in New York City. Bloomberg and the American Chamber of Commerce (AMCHAM)…
A memorandum of understanding was signed in Colombo this morning (28 August) between the Board of Investments of Sri Lanka and the Seychelles. He believes that this MoU would open up business opportunities in the Seychelles to Sri Lankan contractors, said Investment Promotion Minister Lakshman Yapa Abeywardene. While attending the event, Seychelles Trade and Investments…
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